Q2 EPS Estimates for Imperial Oil Cut by Zacks Research

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Investment analysts at Zacks Research lowered their Q2 2026 EPS estimates for shares of Imperial Oil in a research note issued on Monday, December 16th. Zacks Research analyst R. Department now forecasts that the company will earn $1.97 per share for the quarter, down from their prior forecast of $2.06. The consensus estimate for Imperial Oil’s current full-year earnings is $8.62 per share.

Several other brokerages have also issued reports on IMO. BMO Capital Markets boosted their price target on Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. National Bankshares lowered their price objective on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. JPMorgan Chase & Co. raised their target price on Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. TD Securities boosted their price target on shares of Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, Scotiabank cut shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price objective for the company. in a research note on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$103.90.

Imperial Oil Stock Performance

TSE:IMO opened at C$90.00 on Thursday. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The firm’s 50-day moving average is C$102.77 and its 200-day moving average is C$98.24. Imperial Oil has a 52-week low of C$73.81 and a 52-week high of C$108.89. The company has a market cap of C$48.23 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.21 and a beta of 1.78.

Insider Buying and Selling

In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is currently owned by corporate insiders.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s payout ratio is 25.16%.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.